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#1581 MarkoJ

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Posted 24 September 2018 - 10:29 AM

Victoria Real Estate Board
Mon Sep 24, 2018:
 
September September
2018 2017
Net Unconditional Sales: 378 640
New Listings: 934 1,072
Active Listings: 2,648 1,976
 
Please Note
 
Left Column: stats so far this month
Right Column: stats for the entire month from last year 

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#1582 MarkoJ

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Posted 01 October 2018 - 10:47 AM

Victoria Real Estate Board
Mon Oct 1, 2018:
 
Sep Sep
2018 2017
Net Unconditional Sales: 533 640
New Listings: 1,165 1,072
Active Listings: 2,646 1,976
 
Please Note
 
Left Column: stats for the entire month from this year
Right Column: stats for the entire month from last year 

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#1583 MarkoJ

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Posted 01 October 2018 - 10:57 AM

Interesting times ahead!


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#1584 tjv

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Posted 01 October 2018 - 11:45 AM

curious, do you know the breakdown of the 533 sales into SFD, townhouses and condos?

 

No doubt we have entered into a flat market.  Everyone I talk to in construction is now expecting a recession early next year.  We'll see what happens I guess



#1585 RFS

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Posted 01 October 2018 - 12:22 PM

Interesting times ahead!

Real estate and building slow down just in time for the new mayor it inherit? 



#1586 LeoVictoria

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Posted 01 October 2018 - 12:56 PM

curious, do you know the breakdown of the 533 sales into SFD, townhouses and condos?

 

No doubt we have entered into a flat market.  Everyone I talk to in construction is now expecting a recession early next year.  We'll see what happens I guess

 

No doubt.  Prices actually have been roughly flat all year after the stress test.

medianprices.png

More info: https://househuntvic...mber-numbers-2 

 

Can you elaborate on how you think the recession will play out?   Currently starts and units under construction still very strong and the companies I speak to say they have work at least a year out.    

chart.png


Edited by LeoVictoria, 01 October 2018 - 12:57 PM.


#1587 MarkoJ

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Posted 01 October 2018 - 01:15 PM

I don't know about a recession but I ran into someone renting an old house in Maplewood for something like $4,xxx to a construction company to house workers.

 

If sales slow down construction will eventually slow down and there will be causalities in many off spins sectors.


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Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#1588 rjag

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Posted 01 October 2018 - 01:30 PM

 

 

If sales slow down construction will eventually slow down and there will be causalities in many off spins sectors.

 

 

As usual the unintended consequences of government policy could make it worse than it needs to be



#1589 lanforod

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Posted 01 October 2018 - 02:50 PM

I predict the usual multiyear flat before another gain in pricing. Typical Victoria cycle for past couple of decades.


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#1590 tjv

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Posted 02 October 2018 - 08:22 AM

Can you elaborate on how you think the recession will play out?   Currently starts and units under construction still very strong and the companies I speak to say they have work at least a year out.

I probably shouldn't have used the word recession, but we will see a significant slow down.  How it plays out is anyone's guess.  When the stock market crashed in the fall of 2008 I felt the significant shock and new work dried up quickly, although I did keep busy with carry over for around 8 months, but I dropped wages significantly

 

I am already seeing a decent amount of jobs not proceeding because construction costs are too high.  

 

I have also seen some of the major generals in town slowing down now and are bidding everything they can

 

If I had a crystal ball I'd tell you more, but its anyone's guess, but changes are coming.  Frankly I think its needed.


Edited by tjv, 02 October 2018 - 08:23 AM.

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#1591 Mike K.

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Posted 02 October 2018 - 11:15 AM

Yes, it is needed. Lots of projects are also facing major delays due to labour and material shortages. When you need to order certain construction materials 2.5 or 3-years out that's a problem.


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#1592 tjv

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Posted 02 October 2018 - 11:45 AM

I haven't heard of any material shortages, not to say there aren't any.  There are a lot of price increases on materials thou, every time I turn around I'm getting a price increase notice



#1593 TallGuy

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Posted 02 October 2018 - 01:40 PM

It's pretty frustrating trying to get any type of carpentry contractor work right now. They just don't call you back.

 

And the terrible customer service at the supplier level needs to change.



#1594 MarkoJ

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Posted 09 October 2018 - 09:09 AM

Victoria Real Estate Board
Tue Oct 9, 2018:
 
October October
2018 2017
Net Unconditional Sales: 151 664
New Listings: 232 979
Active Listings: 2,551 1,905
 
Please Note
 
Left Column: stats so far this month
Right Column: stats for the entire month from last year 

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#1595 MarkoJ

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Posted 15 October 2018 - 09:18 AM

Victoria Real Estate Board
Mon Oct 15, 2018:
 
October October
2018  2017
Net Unconditional Sales: 276  664
New Listings: 444  979
Active Listings: 2,556  1,905
 
Please Note
 
Left Column: stats so far this month
Right Column: stats for the entire month from last year 

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2017 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


 



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